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Monkey business
Message
From
16/10/2008 15:00:26
 
 
To
16/10/2008 13:12:25
General information
Forum:
Politics
Category:
Other
Title:
Miscellaneous
Thread ID:
01355433
Message ID:
01355466
Views:
16
>If you have difficulty understanding the current world financial situation, the following should help...
>
>Once upon a time in a village in India, a man announced to the villagers that he would buy monkeys for $10. The villagers seeing there were many monkeys around, went out to the forest and started catching them. The man bought thousands at $10, but, as the supply started to diminish, the villagers stopped their efforts. The man further announced that he would now buy at $20. This renewed the efforts of the villagers and they started catching monkeys again.
>
>Soon the supply diminished even further and people started going back to their farms. The offer rate increased to $25 and the supply of monkeys became so little that it was an effort to even see a monkey, let alone catch it!
>
>The man now announced that he would buy monkeys at $50! However, since he had to go to the city on some business, his assistant would now act as buyer, on his behalf.
>
>In the absence of the man, the assistant told the villagers: ' Look at all these monkeys in the big cage that the man has collected. I will sell them to you at $35 and when he returns from the city, you can sell them back to him for $50.' The villagers squeezed together their savings and bought all the monkeys.
>
>Then they never saw the man or his assistant again, only monkeys everywhere!
>
>Welcome to WALL STREET.

Wow what an interesting story.
*******************************************************
Save a tree, eat a beaver.
Denis Chassé
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